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There is not much agreement about what makes an idea innovative, and what makes an innovative idea valuable. For example, discussions on whether the internet is a better invention than the wheel are more likely to reveal personal preferences than logical argumentation. Likewise, experts disagree on the type and level of innovation that is most beneficial for organizations. Somestudiessuggest that radical innovation (which does sound sexy) confers sustainable competitive advantages, butothersshow that “mild” innovation – think iPhone 5 rather than the original iPhone – is generally more effective, not least because it reduces market uncertainty. There is also inconclusive evidence on whether we should pay attention to consumers’ views, with somestudiesshowing that a customer focus is detrimental for innovation because it equates to playing catch-up, butothersarguing for it. Even Henry Ford’s famous quote on the subject – “if I had asked people what they wanted, they would have said fast…

I’ve been a fan of financier Anthony Scaramucci for a while now, ever since I began watching Wall Street Week on Fox every Friday. While I don’t know him personally, aside from a few Twitter interactions, I jumped at the opportunity to pick up his new book, “Hopping Over the Rabbit Hole.” In it, Mr. Scaramucci delves deep into his extensive experience as an entrepreneur to share the most valuable lessons he has learned. One such lesson struck a chord with me on a personal level: when negotiating, leave money on the table. I was intrigued to learn more, because it’s a philosophy I have long-since subscribed to as the CEO of BodeTree. More often than not, I’ve caught heat from fellow entrepreneurs and stakeholders for my willingness to pursue mutually beneficial deals with our partners. Now, I had a story from someone I respected and admired who could validate my approach.

In “Jumping Over the Rabbit Hole,” Mr. Scaramucci reflects on the first time he met one of the wealthiest men in Asia…

Now that we’re well into the fourth quarter of 2016, time is beginning to run out for sales organizations looking to hit their year-end goals. During this October/November crunch, it is all-too-easy for business owners and sales professionals alike to grow frustrated and impatient while waiting for clients to sign. I’m currently experiencing this firsthand. As of writing this, I have well over 20 large contracts that are pending final signature. Playing the waiting game can be excruciating, but I’ve found that it is possible to stay productive and positive throughout the process. Define the experience for your customers When you’re forced to wait for customers and partners, it’s easy to become paralyzed when making decisions. After all, you don’t know precisely how they will react to a situation, so the temptation to simply postpone important decisions can be strong. Unfortunately, this decision paralysis is often incredibly damaging for two reasons. First, it causes your team to second gu…

Recent interest in economics returns to the Adam Smith's understanding of prosperity and growth The first modern book in economics was called Wealth of Nations because its writer, Adam Smith, understood (and transmuted the idea) that the key to prosperity and growth was the generation and distribution of wealth — not just the flow of income. Recent interest in economics has started to return to this question, especially in the context of today’s rich countries. The academic attention on the metamorphosis and concentration of wealth has so far excluded poor countries. In fact, the study of the wealth of poor nations should be a core question in development economics (over income growth) because wealth tends to cumulate all past prosperity or disparity. I found it notable that despite the detailed historical analysis in Thomas Piketty’s book Capital in the 21st Century, there was no mention of Indian wealth (although Mr Piketty is responsible for a top Indian income series: Banerjee a…

Happiness is synthetic—you either create it, or you don’t. Happiness that lasts is earned through your habits. Supremely happy people have honed habits that maintain their happiness day in, day out.
Permanently adopting new habits is hard, but breaking the habits that make you unhappy is much easier.
There are numerous bad habits that tend to make us unhappy. Eradicating the following bad habits can improve your happiness in short order: 1. Hanging Around Negative People
Complainers and negative people are bad news because they wallow in their problems and fail to focus on solutions. They want people to join their pity party so that they can feel better about themselves. People often feel pressure to listen to complainers because they don’t want to be seen as callous or rude, but there’s a fine line between lending a sympathetic ear and getting sucked into their negative emotional spirals. You can avoid getting drawn in only by setting limits and distancing yourself when necessary. Th…

Google Pixel XL review: This one delivers on all fronts of a premium smartphone, but it is not without flaws.Google Pixel is the company’s ‘first’ attempt at a smartphone. Unlike the Nexus, there’s no co-branding with LG or Huawei. Sure the phone’s box says manufactured by HTC, but it’s like how iPhones are made by Foxconn in China. Pixel and Pixel XL are a Google-only effort from top-to-bottom. The company is tying up with distributors in India to get this phone into offline retail stores as well. WATCH VIDEO: Google Pixel XL Phone Review: Pros, Cons And Final Verdict Google Pixel XL Phone Review: Pros, Cons And Final Verdict